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Sthenelus Worldwide
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Sthenelus Worldwide is a loan acquisition company. Sthenelus Worldwide accepts loans from customers for specific assets and repays interest and principal. Frank A. Mancari manages Sthenelus Worldwide. Frank has many years of financial institution management and is also a partner in an insurance... More
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  • (CHCR) Triple Play At A Pharmacy Benefit Manager

    Recently I have become more interested in Comprehensive Care Corporation (OTCPK:CHCR). They are a pharmacy benefit manager headquartered in Tampa Florida and founded in 1969. A couple of things when tied together have me more interested than ever before.

    1. CEO Clark A. Marcus has been appointed to the board of directors for Agenda for America. Agenda for America is a group of business, and labor, and non-profit leaders who support affordable health care for all Americans

    2. Comprehensive Care Corporation signed a contract with a prominent union labor health care consultant

    3. Comprehensive Care Corporation has deployed a nationwide sales force to promote their pharmacy benefit cost savings program of at least a 10% savings, and backed by a performance surety bond.

    The combination of these three items leads me to believe that Comprehensive Care Corporation is positioning itself to better compete with Express Scripts (NASDAQ:ESRX) and Catamaran (NASDAQ:CTRX). Also, it appears that Comprehensive Care Corporation may have a good inside track to picking up some new labor union business as evidenced by the signing of Blasters, Drillers, & Miners Local No. 29 and the Utica NY School District.

    As of July 2, 2013, Comprehensive Care Corporation's (OTCPK:CHCR) stock is priced at $0.125 per share. This company has some new opportunities which may very well send the stock price much higher.

    Disclosure: I am long OTCPK:CHCR.

    Additional disclosure: I have no position in ESRX or CTRX and have no intention to initiate any positions within the next 72 hours.

    Jul 03 11:18 AM | Link | Comment!
  • Net Long And Short Positions In A Conservative Portfolio

    Once the S&P 500 hit 1568 Sthenelus Worldwide began to decrease our S&P 500 long positions and increase our S&P500 short positions. Over the past weeks we have been buying (NYSEARCA:SPXU) and selling (NYSEARCA:UPRO). These are the only positions we regularly trade and thus the only instruments we record as trading investments on our balance sheet.

    We strictly believe that at any point in time you must have something in your portfolio that is increasing. We owned and continue to own UPRO. We like using trading leveraged equity ETFs when we believe the S&P 500 is going higher. Subsequently we like using trading inverse equity ETFs when we believe the S&P 500 is going down. Our timing is not perfect but the process achieves the results we are looking for. UPRO has allowed us to capitalize 3X on the increase in the S&P 500. Now as we believe the market is coming to a top we are decreasing our position in UPRO. With the ownership of UPRO we saw appreciation growth 3X the S&P 500 over the past few months of this year. Our return is less than the 32.69% return the ETF has generated year-to-date as of March 30, 2013.

    As our upside S&P 500 level was reached we began to unwind the UPRO position and build up the SPXU position. The SPXU acts as cushion for us to help alleviate the downside. Being a trading inverse equity (3X) ETF this instrument should counteract the performance of the S&P 500.

    As I have mentioned before, the Sthenelus Worldwide portfolio is conservative. The portfolio mostly is comprised of electric utilities, major drug manufacturers, pipelines, and major integrated oil and gas companies. For stability we own precious metals and net long and short positions.

    We have to year over year earn enough to pay our creditors (3.50% APR) and still have the ability to pay for regular operations and turn a profit. We use the SPXU to decrease the decrease in our portfolio in a descending market. We use the UPRO to increase the increase in our portfolio in an ascending market. If Sthenelus Worldwide cannot pay back the creditor's interest and principal, we can be sued for breach of contract, and will deserve it.

    I find the (UPRO) and (SPXU) ETFs and other instruments like them extremely risky and do not advise investing in these types of investments without fully understanding the risks and benefits of these types of instruments. We use them to decrease the descent and increase the ascension. In our opinion, there are trading instruments to be used with caution.

    Disclosure: I am long SPXU.

    Additional disclosure: I am selling UPRO and should unwind the position within 72 hours.

    Tags: SPXU, UPRO
    Apr 30 1:43 AM | Link | Comment!
  • Sthenelus Worldwide: 0% Interest In A Chrysler IPO

    Part of being a loan acquisition company is knowing you have obligations. We routinely stay clear of IPOs because they do not meet all of 3SLY criteria "Safe, Secure, Stable, Liquid, High Yield". We can address 3SLY principals and outline why we are staying clear of this potential IPO.

    1. Safe: A simple look at the betas for Ford (NYSE:F) 1.56; GM (NYSE:GM) 1.68; & Tata (NYSE:TTM) 1.81 shows that these stocks are too risky for us to invest in even if potential for growth is high.

    We would much rather invest in Southern Company (NYSE:SO) 0.09, Duke Energy (NYSE:DUK) or GlaxoSmithKline (NYSE:GSK) or Kinder Morgan Energy (NYSE:KMP) in the current environment we are in today.

    2. Secure: I like the look of Chrysler automobiles. They, in my opinion, are much better looking automobiles than Toyotas or Hondas. However, looks alone don't make a car people want to buy. The automobile marketplace is competitive with entrants from Europe, Japan, and Korea and automobile purchasing is cyclical. I will stand buy a Jim Rogers interview on Fox Business on April 23, 2012 stating that a recession happens every 4 -6 years (which would in dicate a recession happening in 2013 or 2014). I do not want to own highly cyclical automotive stocks at the beginning of a new recession. Per full disclosure I own a Toyota automobile.

    3. Stable: As we have seen in the past a cyclical business, a powerful union, and strong competition can easily lead to trouble in a recessionary environment. GM and other automobile manufacturers through history have suffered, some to the point of non-existence with this type of combination and during a recession.

    4. Liquid: I do not feel liquidity would be an issue if listed on a major exchange

    5. Dividends: I don't expect any dividends or a significant dividend yield if one is announced.

    Source:

    1. Betas = Yahoo Finance

    2. http://jimrogers-investments.blogspot.com/2013/02/latest-video-interview-fox-business.html

    Disclosure: I am long DUK, GSK, KMP, SO.

    Tags: F, GM, HMC, TM, TTM
    Apr 26 4:16 AM | Link | Comment!
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